Changes are taking place in the real estate market due to the Coronavirus pandemic. (Photo: Bigstock). The coronavirus pandemic has hit the global and national economy, but as stay-at-home orders have been gradually lifted, changes are taking place in the real estate market. To learn how COVID-19 has affected our local residential real estate […]
Coronavirus and Mortgage Relief: Forbearance Options
The coronavirus has led to an unprecedented spike in unemployment in across the nation. During the Great Recession from 2008 to 2012, the highest number of people without jobs reached 15.3 million. Now, over 26 million workers have filed jobless claims in a five-week period, according the U.S. Department of Labor. Combine that with the […]
Coronavirus Financial Relief with a Reverse Mortgage – Part 2
The COVID-19 pandemic has taken a global toll on the markets and the retirement accounts of many seniors. Seniors who are homeowners, however, can access to cash for living expenses through a reverse mortgage. The reverse mortgage is a financial tool that has helped many seniors who are over 62 years old. In my previous […]
Coronavirus Financial Relief With a Reverse Mortgage – Part 1
If you are over 62 years of age, you could be a candidate for a reverse mortgage. (Photo: Joe Hepburn, Unsplash). The economic effect of the coronavirus pandemic been global. Retirees have seen their retirement nest eggs shrink over the last couple of months. Yet, as we have seen in the past, markets usually […]
Coronavirus and Real Estate: Counting Our Blessings
Everyone morning when we wake up, we have to wonder, “when will this all end?” But in fact, that’s the wrong question. The coronavirus will not just end on a specific date. The question should be: “How should we adapt and change to deal with this virus, […]
Coronavirus and 1031 Exchanges
A 1031 Exchange is a tax-deferred real estate transaction that “swaps” one investment property with another investment property under very strict IRS rules for the timeline and deadlines that structure the transaction. Recently, stay-at-home orders suspended in-person showings of properties, making it tough to identify a replacement property in a timely manner. This adds pressure […]
Stay at home and plan your next or first-time home purchase
Shelter-in-place and stay-at-home orders have had an immense impact on our lives. Owning a home and having a place where you feel safe has never been so crucial in recent history. While we are all staying home, it is a great time to get organized to ensure your next home or first-time home purchase goes […]
Real Estate As a “Critical Business” During Coronavirus Stay-at-Home Order
With the coronavirus spreading, the world is changing very rapidly. In response, the real estate world is swiftly adapting to the needs of our communities. With the coronavirus spreading, the world is changing very rapidly. In response, the real estate world is swiftly adapting to the needs of our communities. On March 26, 2020, […]